Banking and Finance

After eliminating overdraft fees last year, Bank of America is poised to bring them back. But customers will have more control over whether they pay the fees under a new Bank of America test program announced Friday by Laurie Readhead, retail segments ...

First Trust Bank said its net income rose 17 percent in the first quarter from the same quarter last year. The Charlotte-based company reported first-quarter net income of $620,000, or 13 cents per diluted share, up from net income of $528,000, or ...

Charlotte-based Park Sterling Corp., the holding company for Park Sterling Bank, today said it had a $2.9 million net loss in the first quarter, or 10 cents per share, compared with net income of $157,000, or 3 cents a share, ...

Bank of America Corp. has been dismissed from a lawsuit brought by investors who bought mortgage-backed securities sold by Countrywide Financial Corp., the home lender the Charlotte-based bank acquired in 2008, according to a story on bloomberg.com.

The liberal advocacy group MoveOn.org is making Bank of America a target in a campaign over what it calls unfair tax policies. Members of the group plan to rally outside the bank’s Charlotte headquarters today, the day federal income tax ...

Bank of America Corp. today said it had net income of $2 billion, or 17 cents per diluted share, for the first quarter of 2011, down from $3.2 billion, or 28 cents per diluted share, in the year-ago quarter. The Charlotte-based ...

RALEIGH — The General Assembly has agreed Joseph Smith Jr. should become North Carolina’s banking commissioner again after his nomination for a federal financial post fell short. The House completed the Legislature’s confirmation of Smith to the commissioner’s job Monday ...

Bank of America Corp. today said its board of directors has authorized dividends on preferred stock. The Charlotte-based company has declared: • a quarterly cash dividend of 38 cents per depositary share on the 6.204 percent Noncumulative Preferred Stock, Series ...

Duke Energy Corp. today kicked off a program that allows the public to invest in the company as a means to help it pay its debts and for other corporate purposes. The Charlotte-based company said the PremierNotes program will pay a floating interest ...

NEW YORK — Brian Moynihan, the CEO of Bank of America Corp., received compensation valued at $1.25 million in 2010, according to an Associated Press analysis of regulatory filings. Moynihan received a salary of $950,000 and no stock or cash ...